Joint Venture Acquires, Breaks Ground on 21 West End Ave.

NEW YORK—The Dermot Co. Inc. along with partner AFL-CIO Building Investment Trust (BIT) have acquired and broken ground on 21 West End Ave. Once completed, the property will stand 43 stories tall and be LEED-certified.

Being constructed under the New York State Housing Finance Agency’s 80/20 Program, the completed property will have 616 units of which 489 units will be market-rate and 127 units will be low-income units with a mixture of studio, one-bedroom, two-bedroom and three-bedroom apartments.

In addition, 21 West End Ave. will include a four-story, 112,440-sq.-ft. public school and 23,725 sq. ft. of retail space.

More than 30,000 sq. ft. of amenities are planned and include a pool, hot tub, 21,000-sq.-ft. fitness center, yoga and dance rooms, wine bar, play area, dog-grooming area and more.